8 Emerging Business Opportunities in India

Textile: Indian textile industry earned $55 billion in 2009-2010. Textile industry’s contribution to exports during April–July 2010 was 11.04 percent, share in industrial production is 14 percent and it contributes 4 percent to India’s GDP. It accounts for 17 percent of India’s exports. This sector is the second highest employment generating sector in India. According to Ministry of textiles, 64 percent of Indian textile produce is consumed by the domestic market. The challenge and opportunity lies in taking the Indian textile industry closer to the international market.

Automobile: India produced 3.9 million units of passenger cars and commercial vehicles in 2011. It’s the sixth largest automobile manufacturer in the world. India had 40 million passenger vehicles in 2010. It’s supposed that India’s automobile sales will reach 4 million units in 2015. A production target, as huge as 4 million units, will need the services of a lot of automotive parts manufacturers. In 2010, India had 3,695 auto parts manufacturing factories. An average factory earned $6 million in annual revenue.

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